USA Mega

Washington, D.C. Powerball Jackpot Annuity Payout Schedule for Jul 16, 1997

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The tax information provided here is based on 2024 federal marginal rates and state tax rates.  It shows the final federal and state tax burdens each year, not the amount initially withheld by the lottery.

The Powerball annuity jackpot is awarded according to an annually-increasing rate schedule, which increases the amount of the annuity payment every year.  The table below shows the payout schedule for a jackpot of $19,800,000 for a ticket purchased in Washington, D.C., including taxes withheld.

Please note, the amounts shown are very close approximations to the amount a jackpot annuity winner would receive from the lottery every year.  They are not intended to specify the exact final tax burden, which may vary depending on how the winner chooses to invest or dispense their money, as well as deductions claimed.

State:

Washington, D.C.

Drawing Date:Wed, Jul 16, 1997
Jackpot:$19,800,000
Federal Tax:37% marginal rate
State Tax: 10.75%
Report:Powerball annuity payout schedule (30 annual payments)

YearGross PaymentFederal TaxesState TaxesNet Payment
1$353,036$93,937$37,951$221,147
2$367,157$98,880$39,469$228,808
3$381,844$104,020$41,048$236,775
4$397,117$109,366$42,690$245,061
5$413,002$114,926$44,398$253,679
6$429,522$120,708$46,174$262,641
7$446,703$126,721$48,021$271,962
8$464,571$132,975$49,941$281,655
9$483,154$139,479$51,939$291,736
10$502,480$146,243$54,017$302,221
11$522,579$153,278$56,177$313,125
12$543,483$160,594$58,424$324,465
13$565,222$168,202$60,761$336,258
14$587,831$176,116$63,192$348,523
15$611,344$184,385$65,719$361,240
16$635,798$193,433$68,348$374,017
17$661,230$202,843$71,082$387,305
18$687,679$212,629$73,925$401,124
19$715,186$222,807$76,883$415,497
20$743,794$233,391$79,958$430,444
21$773,545$244,399$83,156$445,990
22$804,487$255,848$86,482$462,157
23$836,667$267,754$89,942$478,971
24$870,133$280,137$93,539$496,457
25$904,939$293,015$97,281$514,643
26$941,136$306,408$101,172$533,556
27$978,782$320,337$105,219$553,226
28$1,017,933$334,823$109,428$573,682
29$1,058,650$349,888$113,805$594,957
30$1,100,996$365,556$118,357$617,083
Total$19,800,000$6,113,098$2,128,498$11,558,405

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Note: The Net Payment total above may be a few dollars off from the total after-tax annuity amount shown on the Jackpot Analysis page because the Jackpot Analysis page shows an average annual payment, whereas we calculate an exact payment here.